Aave (AAVE)

492 Articles 44,891 Followers

Aave is a decentralizing lending and borrowing platform. Key features of the platform include flash loans, which are uncollateralized loans where borrowing and repayment occur in the same transaction; credit delegation, trusted uncollateralized loans; and borrowing and lending capabilities typical of decentralized lending platforms.

Aave was founded in November 2017 by CEO Stani Kulechov, who has described the goal of the platform as being “to build financial products that people need, while also having some fun.” Aave launched as ETHLend, but rebranded to its current form in September 2018. As ETHLend, it raised $600,000 in Ether in November 2017. The team consists of 19 members coming from a diverse background.

The platform’s native governance token AAVE (previously it was LEND), which also gives its holders discounts on network fees. Compared to other platforms of its kind, Aave has listed a comparatively greater number of assets against which loans can be issued, with a multitude of assets available, including offers on layer 2 Ethereum chains like Polygon. This in combination with its flash loan feature has made it a popular choice for borrowing and has contributed to its quick growth in 2020 and 2021.

The rate switching feature allows users to switch between fixed and variable rates, allowing users to pick the most profitable interest rates. Aave’s credit delegation allows users to borrow funds with no collateral provided and is the pioneer of this mechanism in DeFi space. The team has recommended that users only enter into this agreement with users they trust, and Aave is working on an insurance fund to protect funds in the event any issues may occur.

Aave launched on the Ethereum (ETH) mainnet on January 9, 2020. While most technical updates have been completed, the team has stated that they will research and develop new features going into the future.


Islam and Cryptocurrency - Is it Halal or Haram?

19 Dec 2022 5 minute read 1 comment ScryptForce

Islam and Cryptocurrency - Is it Halal or Haram? Introduction Cryptocurrency is a decentralised digital currency that has been growing in popularity since its introduction in 2009. Bitcoin, the first cryptocurrency, was developed by an anonymous hack...

What Happens To DeFi Today? (18 Dec 2022, Sunday)

18 Dec 2022 1 minute read 1 comment quantdoge

"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. Interested in our product? It's available for free here ->ChainMetrics.ai   CHAINLINK (LINK)...

What Happens To DeFi Today? (15 Dec 2022, Thursday)

15 Dec 2022 2 minute read 2 comments quantdoge

"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. Interested in our product? It's available for free here ->ChainMetrics.ai   CHAINLINK (LINK)...

What Happens To DeFi Today? (14 Dec 2022, Wednesday)

14 Dec 2022 3 minute read 0 comments quantdoge

"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. Interested in our product? It's available for free here ->ChainMetrics.ai   CHAINLINK (LINK)...

DeFi Lesson 2- How to stake stable coins on Aave [Ethereum mainnet and Polygon].

13 Dec 2022 1 minute read 4 comments vanassen.eth

      GHOST.  Earning yield on stable coins is one of the quintessential components of decentralized finance.   Launch app.  Connect wallet.  First, choose the network you would like to access.   This will bring you to the asset page, which shows th...

Is Binance A Bad Apple?

13 Dec 2022 1 minute read 9 comments Cryptofab

You can see the Crypto ecosystem as an apple basket. There are good apples and bad apples. Stored together in a basket, a bad apple has a huge impact on good apples: The good apples are the projects and platforms which bring value to the Crypto ecos...

What Happens To DeFi Today? (06 Dec 2022, Tuesday)

8 Dec 2022 2 minute read 0 comments quantdoge

"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. Interested in our product? It's available for free here -> Coin Metrics Crypto News Sentiment...

What Happens To DeFi Today? (05 Dec 2022, Monday)

5 Dec 2022 2 minute read 0 comments quantdoge

"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. Interested in our product? It's available for free here -> Coin Metrics Crypto News Sentiment...

What Happens To DeFi Today? (30 Nov 2022, Wednesday)

30 Nov 2022 2 minute read 0 comments quantdoge

"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. Interested in our product? It's available for free here -> Coin Metrics Crypto News Sentiment...

What Happens To DeFi Today? (29 Nov 2022, Tuesday)

29 Nov 2022 2 minute read 1 comment quantdoge

"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. Interested in our product? It's available for free here -> Coin Metrics Crypto News Sentiment...